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2018 Payroll Changes You Need to Know

Payroll Changes 2018

Summary of the changes to payroll happening this year.

  • Auto Enrolment Contribution Increases

    Under automatic enrolment, the minimum pension contributions are required to increase on defined dates over time. The thresholds have also been updated as per the announcement by The Pensions Regulator.

  • National Minimum and Living Wage

    New warnings and a report to assist with compliance.

  • Increase in State Pension Age

    The State Pension age for both men and women will reach 66 by October 2020.

  • Pension Contributions

    There is a new option to always round up pension contributions as some providers require the contributions to always be rounded up to the nearest pence.

  • Real Time Information (RTI)

    Changes for the new Government Gateway and RTI submissions

  • Data Validation Rules

    Data recording rules in the Personnel application and customer and supplier deletion in the ledgers has been relaxed.

  • PAYE, NI and Statutory Payments

    The rate, bandwidths and thresholds have been updated as per the changes announced in the Autumn Statement and the Scottish Budget.

  • Electronic P60 formats

    These have been updated and approved by HMRC.